Linden Thomas Advisory Services LLC Increases Position in Electronic Arts Inc. $EA

Linden Thomas Advisory Services LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,874 shares of the game software company’s stock after purchasing an additional 93 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Electronic Arts were worth $299,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its holdings in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares in the last quarter. Frazier Financial Advisors LLC increased its holdings in Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares in the last quarter. Bank of Jackson Hole Trust increased its holdings in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares in the last quarter. ORG Partners LLC increased its holdings in Electronic Arts by 47.6% during the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after acquiring an additional 81 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Electronic Arts during the 1st quarter valued at about $39,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the company a “neutral” rating in a report on Tuesday, September 30th. Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $210.00 price target (up from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Electronic Arts presently has an average rating of “Hold” and an average price target of $179.38.

Electronic Arts Price Performance

Electronic Arts stock opened at $200.50 on Tuesday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The firm has a 50 day moving average price of $183.87 and a 200 day moving average price of $163.41. The company has a market cap of $50.17 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 3.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00. Following the transaction, the insider directly owned 33,531 shares in the company, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,900 shares of company stock valued at $7,748,187 over the last quarter. 0.24% of the stock is owned by insiders.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.